Thesestatements are deduces utah jazz vs san antonio spurs based on 2004 2005 spurs understand management’s current expectations and are subject touncertainty and changes in circumstances. Actual results may differ materiallyfrom these expectations due to changes in economic, business, competitive,market and regulatory factors. More detailed information about those factorsis contained in First M&F Corporation’s filings with the Securities andExchange Commission.First M&F CorporationCondensed Consolidated Statements of Condition (Unaudited)(In thousands, except share data) December 31 December 31 20082007Cash and due from banks 47,73854,240Interest bearing bank balances 6,556 3,480Federal funds sold 9,350 2,000Securities available for sale (cost of $223,882 and $236,575) 227,145 237,138Loans held for sale7,698 5,571Loans1,176,595 1,219,435Allowance for loan losses 24,91814,217 Net loans 1,151,677 1,205,218Bank premises and equipment 44,64245,545Accrued interest receivable9,83212,434Other real estate 11,061 6,232Goodwill32,57232,572Other intangible assets7,127 7,612Other assets41,46741,709 Total assets1,596,865 1,653,751Non-interest bearing deposits178,689 191,206Interest bearing deposits1,082,698 1,071,249 Total deposits1,261,387 1,262,455Federal funds and repurchase agreements9,728 9,676Other borrowings 151,547 201,312Junior subordinated debt30,92830,928Accrued interest payable 3,537 5,151Other liabilities3,770 4,131 Total liabilities 1,460,897 1,513,653Noncontrolling interest in subsidiaries 1818Common stock, 9,063,346, 9,067,580 and 9,066,080 shares issued & outstanding45,31745,338Additional paid-in capital30,44730,475Nonvested restricted stock awards780 643Retained earnings 60,13364,395Accumulated other comprehensive income (727) (771) Total equity135,950 140,080 Total liabilities & equity1,596,865 1,653,751First M&F Corporation and SubsidiaryCondensed Consolidated Statements of Income (Unaudited)(In thousands, except share data) Three Months EndedTwelve Months Ended December 31 December 31 2008 2007 2008 2007Interest and fees on loans19,327 23,421 81,487 89,796Interest on loans held for sale 58 86299439Taxable investments2,1302,3609,0239,514Tax exempt investments 5574582,1641,798Federal funds sold38 41182144Interest bearing bank balances13 48133225 Total interest income22,123 26,414 93,288101,916Interest on deposits 7,1199,673 32,255 36,632Interest on fed funds and repurchase agreements68145327609Interest on other borrowings 1,6822,3676,7178,644Interest on subordinated debt5055041,9931,991 Total interest expense9,374 12,689 41,292 47,876 Net interest income12,749 13,725 51,996 54,040Provision for possible loan losses 10,684630 19,7342,520 Net interest income afterloan loss2,065 13,095 32,262 51,520Service charges on deposits2,9272,988 11,692 10,962Mortgage banking income1883451,2021,491Agency commission income 9349804,1254,148Fiduciary and brokerage income 132154585598Other income 6507793,5214,016Loss on extinguishment of debt — (126)Gains (losses) on AFS investments 1(37) 6(37) Total noninterest income4,8325,209 21,131 21,052Salaries and employee benefits 6,7617,492 28,954 29,348Net occupancy expense1,0951,0744,2103,841Equipment expenses 9239303,5943,629Software and processing expenses5973742,0721,463Intangible asset amortization121121484547Other expenses 4,7443,034 14,970 12,277 Total noninterest expense14,241 13,025 54,284 51,105 Net income before taxes(7,344) 5,279 (891)21,467Income taxes(2,990) 1,716 (1,429) 6,988Noncontrolling interest in earnings (losses) of subsidiaries, net of income taxes of $2, $3, $7 and $12 32 12 21 Net income (4,357) 3,561526 14,458Weighted average shares (basic) 9,061,8629,066,0969,061,7309,060,137Weighted average shares (diluted) 9,061,8629,107,3919,087,1559,109,117Basic earnings per share($0.48) $0.40$0.06$1.60Diluted earnings per share($0.48) $0.39$0.05$1.59Return on assets (annualized)-1.08%0.87%0.03%0.92%Return on equity (annualized) -12.27% 10.13%0.37% 10.78%Efficiency ratio 79.29% 67.78% 72.77% 67.07%Net interest margin (annualized, tax-equivalent)3.60%3.83%3.67%3.93%Net charge-offs to average loans (annualized) 1.79%0.45%0.75%0.28%Nonaccrual loans to total loans1.74%0.53%1.74%0.53%90 day accruing loans to total loans0.48%0.09%0.48%0.09%First M&F CorporationFinancial HighlightsQTD EndedQTD EndedQTD EndedQTD Ended December 31 September 30 June 30 March 31 2008 2008 2008 2008Per Common Share (diluted):Net income (0.48)0.24(0.05)0.34Cash dividends paid 0.13 0.13 0.13 0.13Book value 15.0015.5515.3815.83Closing stock price 8.4611.5812.5514.50Loan Portfolio Composition: (in thousands)Commercial, financial and agricultural127,704145,743139,933165,605Non-residential real estate745,700759,279752,437737,964Residential real estate209,696208,718210,813211,205Home equity loans 45,791 46,201 45,623 45,796Consumer loans37,908 38,001 39,501 39,478Other loans9,7968,2716,8956,120 Total loans 1,176,5951,206,2131,195,2021,206,168Deposit Composition: (in thousands)Noninterest-bearing deposits 178,687178,980187,145187,080NOW deposits 217,334219,612215,521210,295MMDA deposits182,364176,199192,372182,824Savings deposits 114,281115,041117,645117,532Certificates of deposit under $100,000272,463279,389273,213289,531Certificates of deposit $100,000 and over 276,763265,216274,807299,394Brokered certificates of deposit19,495 17,0267,674 26,919 Total deposits1,261,3871,251,4631,268,3771,313,575Nonperforming Assets: (in thousands)Nonaccrual loans20,564 22,095 11,3179,472Other real estate 11,0617,1916,5456,927 Total nonperforming assets 31,625 29,286 17,862 16,399Accruing loans past due 90 days or more5,6866344,0135,451Restructured loans (accruing)3,664—Total nonaccrual loan to loans1.74%1.82%0.94%0.78%Total nonperforming assets to loans and other real estate2.65%2.40%1.48%1.34%Total nonperforming assets to assets ratio 1 spurs.com .98%1.78%1.10%1.00%Allowance For Loan Loss Activity: (in thousands)Beginning balance 19,618 18,901 14,196 14,217Provision for loan loss 10,6842,1906,080780Charge-offs (5,501)(1,648)(1,516)(1,041)Recoveries 117175141240Ending balance24,918 19,618 18,901 14,196First M&F CorporationFinancial Highlights QTD Ended QTD EndedQTD EndedQTD Ended December 31 September 30 June 30 March 31 200820082008 2008Condensed Income Statements: (in thousands)Interest income 22,123 22,479 23,405 25,281Interest expense 9,3749,459 10,305 12,154 Net interest income12,749 13,020 13,100 13,127Provision for loan losses 10,6842,1906,080780Noninterest revenues 4,8325,5175,2705,512Noninterest expenses14,241 13,229 13,460 13,354 Net income before taxes(7,344) 3,118 (1,170) 4,505Income taxes(2,990) 904 (707) 1,364Noncontrolling interest3432 Net income (4,357) 2,210 (466) 3,139Tax-equivalent net interest income 13,131 13,400 13,464 13,475Selected Average Balances: (in thousands)Assets 1,611,4441,599,2131,621,5651,654,951Loans held for investment1,196,8061,198,9431,193,7031,213,122Earning assets 1,450,2651,439,3021,452,8771,481,144Deposits 1,254,3821,253,7011,279,0241,295,443Equity 141,312140,315144,050142,371Selected Ratios:Return on average assets (annualized)-1.08%0.55% -0.12%0.76%Return on average equity (annualized) -12.27%6.27% -1.30%8.87%Average equity to average assets 8.77%8.77%8.88%8.60%Net interest margin (annualized, tax-equivalent) 3.60%3.70%3.73%3.66%Efficiency ratio 79.29% 69.93% 71.85% 70.33%Net charge-offs to average loans (annualized) 1.79%0.49%0.46%0.27%Nonaccrual loans to total loans1.74%1.82%0.94%0.78%90 day accruing loans to total loans0.48%0.05%0.33%0.45%Price to book (x) 0.56 0.74 0.82 0.92Price to earnings (x)N/A12.06N/A10.66First M&F CorporationFinancial HighlightsHistorical Earnings Trends:EPS (in thousands) (diluted)4Q 2008(4,357)(0.48)3Q 2008 2,2100.242Q 2008(466)(0.05)1Q 2008 3,1390.344Q 2007 3,5610.393Q 2007 3,8080.422Q 2007 3,5350.391Q 2007 3,5540.394Q 2006 3,7390.413Q 2006 3,6650.402Q 2006 3,2510.36Non-Non-Revenue Statistics: interestinterestRevenuesRevenues Contribu-Revenuesto Ttl.to Avg. tion Per FTE Revenues Assets Margin (thousands)(percent) (percent)(percent)4Q 2008 32.826.90%1.19%62.36%3Q 2008 34.429.16%1.37%61.78%2Q 2008 33.428.13%1.31%61.00%1Q 2008 33.729.03%1.34%59.68%4Q 2007 34.327.31%1.29%61.21%3Q 2007 35.027.83%1.36%62.58%2Q 2007 33.426.23%1.28%61.04%1Q 2007 33.729.96%1.50%61.88%4Q 2006 33.528.03%1.38%62.47%3Q 2006 34.028.63%1.44%62.98%2Q 2006 33.126.31%1.28%61.35%Expense Statistics: Non-interestExpense toEfficiency Avg. Assets Ratio(percent)(percent)4Q 20083.52% 79.29%3Q 20083.29% 69.93%2Q 20083.34% 71.85%1Q 20083.25% 70.33%4Q 20073.19% 67.78%3Q 20073.24% 66.08%2Q 20073.26% 67.02%1Q 20073.37% 67.41%4Q 20063.38% 68.48%3Q 20063.28% 65.11%2Q 20063.27% 66.99%Contribution Margin: (Tax-equivalent net interest income + noninterest revenues -salaries and benefits)divided by (Tax-equivalent net interest income + noninterest revenues)Efficiency Ratio: Noninterest expensedivided by (Tax-equivalent net interest income + noninterest revenues)First M&F CorporationAverage Balance Sheets/Yields and Costs (tax-equivalent)(In thousands with yields and costs annualized)QTD December 2008QTD December 2007 AverageYield/Average Yield/BalanceCostBalance CostInterest bearing bank balances 9,086 0.56%4,616 4.18%Federal funds sold19,568 0.78%3,656 4.34%Taxable investments (amortized cost) 161,999 5.23%191,632 4.89%Tax-exempt investments (amortized cost)57,598 6.13% 46,488 6.24%Loans held for sale5,208 4.44%6,089 5.56%Loans held for investment1,196,806 6.44%1,200,977 7.75% Total earning assets1,450,265 6.17%1,453,458 7.30%Non-earning assets 161,179172,298 Total average assets1,611,4441,625,756NOW214,154 1.49%181,676 1.43%MMDA 179,120 2.25%137,052 2.82%Savings114,742 2.02%105,331 2.88%Certificates of Deposit568,279 3.30%621,897 4.65%Short-term borrowings 13,127 2.08% 12,977 4.41%Other borrowings 194,655 4.47%227,435 5.01% Total interest bearingliabilities1,284,077 2.90%1,286,368 3.91%Non-interest bearing deposits178,088188,496Non-interest bearing liabilities 7,967 11,454Capital141,312139,438 Total average liabilities andequity 1,611,4441,625,756Net interest spread3.27%3.39%Effect of non-interest bearing deposits0.35%0.50%Effect of leverage-0.02% -0.06% Net interest margin, tax-equivalent 3.60%3.83%Less tax equivalent adjustment: Investments 0.09%0.07% Loans 0.01%0.01%Reported book net interest margin3.50%3.75%First M&F CorporationAverage Balance Sheets/Yields and Costs (tax-equivalent)(In thousands with yields and costs annualized)YTD December 2008YTD December 2007Average Yield/ AverageYield/BalanceCostBalance CostInterest bearing bank balances 6,954 1.92%4,693 4.80%Federal funds sold 9,810 1.86%3,388 4.24%Taxable investments (amortized cost) 176,284 5.12%197,167 4.83%Tax-exempt investments (amortized cost)55,990 6 Spurs AT&T Center tickets .16% 45,875 6.25%Loans held for sale6,170 4.85%8,161 5.38%Loans held for investment1,200,628 6.80%1,148,275 7.83% Total earning assets1,455,836 6.51%1,407,559 7.33%Non-earning assets 165,867166,071 Total average assets1,621,7031,573,630NOW211,006 1.50%191,092 1.40%MMDA 177,582 2.35%133,557 2.58%Savings115,027 2.30%101,367 2.78%Certificates of Deposit587,695 3.79%599,393 4.62%Short-term borrowings 13,860 2.36% 12,445 4.89%Other borrowings 186,978 4.66%208,738 5.09% Total interest bearingliabilities1,292,148 3.20%1,246,592 3.84%Non-interest bearing deposits179,237182,598Non-interest bearing liabilities 8,312 10,357Capital142,006134,083 Total average liabilities andequity 1,621,7031,573,630Net interest spread3.31%3.49%Effect of non-interest bearing deposits0.39%0.49%Effect of leverage-0.03% -0.05% Net interest margin, tax-equivalent 3.67%3.93%Less tax equivalent adjustment: Investments 0.09%0.08% Loans 0.01%0.01%Reported book net interest margin3.57%3.84%SOURCEFirst M&F Corp.First M&F Corp Investor Information: John G Copeland, EVP & Chief FinancialOfficer, +1-662-289-8594.
I have been watching pro wrestling for over 20 years now san antonio spurs baby . I know that would make some automatically question my sanity antonio spurs . After all how can anyone spend so much time watching a sport that isn?t even a real contest? This is not a simple answer my friend It is a question I have pondered many times over the years antonio spurs tickets . I guess the only real reason that I can think of is because of the rivalries that I have seen. Over the years there have been many great feuds that have made pro wrestling special at&t center concert . As a kid growing up it was the never-ending battle between Hogan and Randy Savage, being a fan of heels, this feud would leave me frustrated to no ends. It wasn?t until I was much older, and I understood wrestling a little better; was I able to truly appreciate the greatness of it. That was just one of many though that made wrestling so great. You had other great feuds like Bret Hart and Mr perfect. How could you possibly top a feud pitting two of the greatest technical wrestlers together? Over the years those two put on a wrestling clinic for the ages. As I got older I would learn to appreciate the new blood that made its way to the ring.
In WCW there were great rivalries like LOD and the Steiner?s san antonio spurs ringtones . That my friends; was what I consider great tag team wrestling. We would also get to see future hall of famers like the Undertaker break open on the scene He would go on to have some great feuds himself at&t center concerts . Over the years he would go on to feuded with guys like Hart, HHH and Foly; just to name a few. You see my friends; Feuds are the lifeblood or pro wrestling It was what keeps the fans intrigued and wanting more at&t center events Spurs AT&T Center tickets – wikipedia . With out feuds like HBK and Bret Hart, who knows where wrestling would be today. I?m sure there are many who feel the same way I do Some of the names may be different for you at&t center seating . You also probably hold different matches dear to their hearts. In the end though it is all the same. In wrestling we don?t really follow the wins and losses. After all, do they really count for anything? It is not like football, baseball, or basketball where the best team wins.
In wrestling we follow characters and story lines. As fans we pick and choose whom we follow . Whether it?s a whiney self-righteous arsehole like Jericho, or a bigger than life superman John Cena, we watch these personalities collide in battle and hope that it is our alter egos that come out the victor. For me, this is what makes wrestling so special att center seating . The battle of good and evil, it is the true life blood of the sport It is a battle that will never see a real winner att center tickets . In the end it is always the same fight, the only thing different are the faces. I thank all of you for joining me today. Have a safe and blessed day. (You can read articles from many others here on BR . Go to to check them out.). Hapag-Lloyd Cruises to Offer Guests the Best Talent in the Classic Music Field,Aboard the Luxurious MS EUROPANEW YORK–(Business Wire)–The highest ranked cruise ship in the world, according to the 2009 Berlitz Guideto Cruising and Cruise Ships, Hapag-Lloyd Cruises’ MS EUROPA is offering guestsa world-class 10-day music festival departing Kiel, Germany on August 12,cruising up the north into the Scandinavian coast, and ending in Kiel on August22, 2009.
During the interveningperiod Star Scientific will be exploring a joint venture with either apharmaceutical company or a marketing and distribution partner in order to bein a position to achieve broad market penetration with the new nutraceuticalproductThis press release contains certain forward-looking statements within themeaning of the Private Securities Litigation Reform Act of 1995 StarScientific, Inc. The Company designs, manufactures,markets and distributes a wide range of business, commercial printing andpublication as well as converting and specialty papers including recognizedbrands such as Cougar(R), Lynx(R) Opaque, Husky(R) Offset, First Choice(R) andDomtar EarthChoice(R) Office Paper, part of a family of environmentally andsocially responsible papers. He averages more yards per game than Fitzgerald and more yards after catch (far more in fact, 5 Spurs AT&T Center – nba .4 to Fitzgerald’s 3.6). (Adds background, bylines) Stocks | Mergers & Acquisitions | Bonds | Private Capital | China By Jui Chakravorty Das and Paritosh Bansal NEW YORK, Jan 29 (Reuters) – Private equity firm TPGCapital [TPG.UL] has dropped out of an auction for AmericanInternational Group Inc’s (AIG.N) aircraft leasing unit,International Lease Finance Corp, sources familiar with thematter said. International aid agencies who try to feed the neediest people in the country of about 23 million have placed numerous checks to make sure their food reaches its intended destinations, but the report said children can still easily miss out. [ID:nWEA4545] TUI shares, which are down about 20 percent on the year,fell 6.7 percent to 5.98 euros by 1533 GMT, underperforming a0.4 percent gain in Germany’s mid-cap index .MDAXI Shares inTUI Travel (TT Spurs AT&T Center .L), owned by TUI, fell 1.6 percent. It is reviving a scheme from earlier this decade to head offa domestic banking crisis and the move comes as Japanese banksseek to limit losses from the Tokyo stock market, which hasfallen by more than a third since the end of last March in theface of the global financial storm (Reporting by Yuzo Saeki) Global Markets Japan.
But I’ll go ahead and bet they can.Tennessee Titans: Speaking of tough divisions, does anyone want to play in the AFC South? Because I sure don’t Tennessee has some questions to answer. SafeLink Wirelesswill serve as the company`s distribution of Lifeline – a U.S. Traders were also looking to Thursday’s monetary policymeeting, when analysts expected Chile’s central bank to go fora new, aggressive interest rate cut after a barrage of weaklocal data. He is a smooth player that doesn’t blow you away, but will methodically pick you apart. About ElanElan Corporation, plc (NYSE: ELN) is a neuroscience-based biotechnology companycommitted to making a difference in the lives of patients and their families bydedicating itself to bringing innovations in science to fill significant unmetmedical needs that continue to exist around the world. TCTodd Civin is a freelance writer for Bleacher Report and Seamheads. He can be reached at for comment or hire Spurs AT&T Center tickets . He is also a supporter of A Glove of Their Own, the award-winning children’s story that is capturing the heart of the nation by teaching sharing through baseball. Revenue fell to $1.05 billion from $1 Spurs AT&T Center tickets – nba nba.com – spurs .1 billion in theyear-ago quarter and compared with average analyst expectationsfor revenue of $1.075 billion, according to Reuters Estimates.